standard of value

Lynch argues that the standard of value in pet insurance is not found in scoring more benefits than you pay in premiums; rather, you’re buying peace of mind knowing that you’re covered against the risk of being inundated by vet bills.

But whatever the format, human beings have long used currency as a means of exchange, a method of payment, a standard of value, a store of wealth and a unit of account.

It is possible that we should begin by enforcing norms of restraint as readers and writers ourselves — and remember that the speech we battle for should be held to some standard of value other than the number of clicks it generates.

Today, fixed-value policies are very common, but are typically used with a major international currency, like the euro, as the “standard of value” instead of gold.

On a human standard of value, the answer is absolutely yes.